# Foreign exchange overnight interest - lift your lid to

Recently many traders and brokerage firms to consult in the end how to calculate cashbackforexprofitcalculatoreign exchange forexcashbackprofitcalculator cashback forex profit calculator, the following SY-Tech for you to unravel the mystery of foreign exchange overnight interest in detail Foreign exchange overnight interest calculation cashback forex divided into four methods, according to the point value to calculate, according to the margin currency to The following SY-Tech for you to explain one by one the difference a, according to the point value to calculate the overnight interest below we use an cashbackforexpipcalculator to explain for example, we placed a lot of EURUSD single, and the order after a trading day did not close, then, the brokerage will be in accordance with a certain ratio to charge you for not closing your position overnight interest specifically calculated as follows: Overnight interest = number of lots * overnight interest rate * point value For example, the broker side of the overnight interest rate of 0.25 for long orders and -2.05 for short orders then according to the formula, 1 * (-0.25) * 1 = -0.25USD So, finally the trader because hold this order and get 0.25USD overnight interest Second, according to the margin currency to calculate Again, still use the example to introduce For example, our next lot of AUDCAD short order specific calculation is as follows: Overnight interest = number of lots * overnight interest rate For example, the brokerage side of the overnight interest rate for more than one single 3.440000, short single -6.290000 then according to the formula, 1*(-6.29)*1=-6.29USD so, finally the trader has to pay 6.29USD overnight interest for this order three, according to the annual interest rate to calculate the same or use the example to introduce for example, we under A lot of XAUUSD short orders are specifically calculated as follows: Overnight interest = number of lots * overnight interest rate/100/360 For example, the brokerage side of the overnight interest rate for more than a single 0.250000, short single -1.050000 then according to the formula, 1 * (-1.05)/100/360 = -3.78USD nbsp; So, in the end, the trader has to pay 3.78USD overnight interest for this order Four, according to the type of currency to calculate Or use the example to introduce For example, we next hand of USDJPY short single because the base currency is USD specific calculation is as follows: Overnight interest = number of lots * overnight interest rate For example, the brokerage side of the overnight interest rate for more than a single 0.250000, short single -1.050000 then according to the formula, 1 * (-1.05) = -1.05USD So, finally traders have to pay 1.05USD overnight interest for this order If, the base currency is GBP, then the interest charged is -1.05GBP In addition, the general Wednesday time will charge 3 times the overnight interest, you may ask why will charge 3 times the overnight interest? The reason is that Saturday and Sunday are closed, so the overnight interest on these two days is charged on Wednesday This article comes from SYtradersConsultingGmbH (SY-Tech), a German financial technology company, the companys main business scope is, MT4/5 forex platform building, overseas company registration, bank account opening, financial license regulation, the backend operation and maintenance, technical advice, etc. The main idea of the service company is that the most professional people, do the most professional things more exciting, please pay attention to us